<h1>Rating agency affirms insurer IND AA+ long-term rating, cites market leadership, strong underwriting, 2.21x solvency, stable outlook</h1> A rating agency affirmed the insurer's long-term rating at IND AA+ with a Stable outlook and reaffirmed its subordinated debt at IND AA (Stable), citing market leadership, differentiated operations and robust underwriting. The insurer holds about 33% retail market share and reported FY25 gross written premium of roughly Rs 16,781-17,553 crore and net profit near Rs 646 crore, with a solvency ratio of 2.21x. The agency highlighted efficient, technology-enabled claims processing supported by in-house medical expertise and prudent risk selection as key strengths sustaining profitability, financial resilience and growth while aligning with regulatory goals to expand insurance access.